Halcyon Ransomware Malicious Quartile Q1-2025
Explore the latest reports by the experts at Halcyon

Executive Summary
Ransomware has evolved beyond being a tool for financial gain.
For adversarial nations, it serves as a low-cost, high-impact mechanism to disrupt targets while avoiding direct confrontation.
Recognizing and addressing this reality is a crucial step in protecting critical systems and ensuring national security in an era of increasingly complex threats.
The Halcyon team of ransomware experts has put together this extortion group power rankings guide as a quick reference for the extortion threat landscape based on data from throughout Q1-2025, which can be reviewed along with earlier reports here:
Power Rankings: Ransomware Malicious Quartile.